Swedish market is stable in 2023
- The Swedish automobile market (passenger cars) remained stable in 2023, with a volume not exceeding 289,665 units compared to 288,004 in 2022 and 300,983 in 2021. Compared to previous years (2015-2020), the market Swedish is on an middle trend because we are far from volumes above 350,000 units as during this period. We are rather talking about the volumes reached between 2005 and 2013, if we ignore the years 2008-2009 which were marked by the economic crisis started in North America in August 2008.
- The Swedish automobile market, which today represents a tenth of the German market, is characterized by several very specific differences compared to other European countries:
1. It is one of the only European markets where the Volvo brand (owned by the Chinese Geely since 2010) is one of the most widely distributed carmakers, which is logical since Sweden is Volvo's country of origin.
2. It is one of the rare European countries which has a very strong presence of electric cars (38% of the market compared to 16% in the European market) and Chinese cars (6% of the market compared to 2.7% in the European market).
- It is also the second country behind Norway in terms of electric cars (85% of the market in 2023).
- Despite the strong presence of Volvo (14% market share), it is the Volkswagen group which remains the leader in the Swedish market in 2023 (with 26% market share), thanks to its five major brands. Tesla already represents 7% of the Swedish market.